Essay On Bank Privatisation Pros And Cons Public sector banks have been providing banking services in the remotest part of the country with numerous welfare schemes and benefits for their customers focusing on priority sector lending and providing aid through welfare schemes to the marginalized sectors. The rise of NPAs has been a pressing concern for the government. According to the recommendations of the PJ Nayak Committee, lower productivity, steep erosion in asset quality, accelerated stressed assets, decline the market share and the recapitalization of these banks will impose significant fiscal costs. In order to maintain steady growth and sound health of the banking sector, the government had to either privatize PSBs or provide a structure that provides for PSBs to complete successfully in the market. The private banks will have limited applicability of RTI and will bring it outside the scope of CVC and CBI which tends to be a negative impact on depositors. Assuming private ba
Essay on Metro Rail The rapidly growing population, expanding cities, and heavy rush, as a result of rapid industrialisation and urbanisation has led to the need for cheap and convenient modes of conveyance for public transport, especially in the metro cities. A well planned Mass Rapid Transit System (MRTS) such as the Metro Rail forms the lifeline of the cosmopolitan cities which have a population of thousands of lakhs. The government must decide the metro model for a particular region depending on the basis of the region's logistics, financial resources, population. It should avoid aping metro models of the other countries. The fact that the metro projects are meant to serve the cities with more than four million population needs to be kept in mind. The costs associated with these projects are decided on the basis of the metro project being underground, elevated or at ground level. The larger the underground and elevated proposal, the larger shall be the cost involved. The f
